Nifty Futures Trading

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milkyblack

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Re: Time to Stick my Neck Out ,Nifty 7300

In 5 min. chart it was a sell below 5047, sold at 5044.80, with a filter.
Tgt is 5025.20 (at 5025 i exit part qty. and change my SL to cost+filter Rs.2/-), did high of 5045 and low of 5026 after entry. Still holding the short. Entry stop loss was 20 points.
Would have exited near 5026 , was not watching the screen and sell was fed at 5025.20
Trade was taken as per Kolkata meet indicator. Trading rules decided by checking last six months charts in 5 min. time frame.
Seems very good if not excellent!!!!!!!!!!!!!!!!
The SL is now 5037+ filter= 5039.20, i go long at 5039.20 with 20 point entry SL
Okay! I have definately missed the Kolkata meet... and i dont even have 5 min data for past 6 month.... what i have is the intraday live data from the brokers ODIN...
Though i have initiated a delivery short for May series at 5055 levels... with a SL of 5100...
But nothing i could manage to get for Intraday :(

Just closed my long April... in the morning before taking May Short...
Missing Intraday today :D

Regards
 

gkpc

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

In 5 min. chart it was a sell below 5047, sold at 5044.80, with a filter.
Tgt is 5025.20 (at 5025 i exit part qty. and change my SL to cost+filter Rs.2/-), did high of 5045 and low of 5026 after entry. Still holding the short. Entry stop loss was 20 points.
Would have exited near 5026 , was not watching the screen and sell was fed at 5025.20
Trade was taken as per Kolkata meet indicator. Trading rules decided by checking last six months charts in 5 min. time frame.
Seems very good if not excellent!!!!!!!!!!!!!!!!
The SL is now 5037+ filter= 5039.20, i go long at 5039.20 with 20 point entry SL
Entered long at 5039.40 and shall exit partly at 5058.80 .Entry SL was 5018.8 and now it is 5039.80
 

gkpc

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

Could u plz telme wht is ths Filter of Rs 2/- tht u keep?
Thanks

Regards
While going through the past 6 months data I found that if i keep a filter between a rupee or two a large number of false trade reversals are saved. So I take a filter of Rs.2 and round off to Rs.xxxx.20 while buying and Rs.xxxx.80 while selling.
Now its a reversal at Rs.5039.80
The level was 5042 minus 2 = 5040, reduced to 5039.80
 

gkpc

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

Okay! I have definately missed the Kolkata meet... and i dont even have 5 min data for past 6 month.... what i have is the intraday live data from the brokers ODIN...
Though i have initiated a delivery short for May series at 5055 levels... with a SL of 5100...
But nothing i could manage to get for Intraday :(

Just closed my long April... in the morning before taking May Short...
Missing Intraday today :D

Regards
The indicator has been posted on the forum by uashish
 

gkpc

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

While going through the past 6 months data I found that if i keep a filter between a rupee or two a large number of false trade reversals are saved. So I take a filter of Rs.2 and round off to Rs.xxxx.20 while buying and Rs.xxxx.80 while selling.
Now its a reversal at Rs.5039.80
The level was 5042 minus 2 = 5040, reduced to 5039.80
The level is 5041.20 and not 5042 so we reverse at 5038.80
 
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